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Felix Schirripa

from Brooklyn, NY
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Related to:
Joseph V Schirripa, 49Andrea L Schirripa, 47Jeanette Schirripa, 71Thomas J Schirripa, 37Maria Schirripa, 50Steven R Schirripa, 47
Connected to:
Dominic J Schirrippa, 77Marco J Schirripa, 35Timothy T Schirripa, 34Jan K Schirrmacher, 62Jeremiah Schirrmacher, 41Jamie E Schirtz, 45Robert Schirtzer, 59Ann E Schisa, 45Anna M Schisano, 97Brian L Schisler, 49

Felix Schirripa Phones & Addresses

  • 1262 64Th St, Brooklyn, NY 11219 (347) 492-0968

Resumes

Resumes

Felix Schirripa Photo 1

Chief Actuary

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Position:
Chief Actuary at NJ Department of Banking & Insurance
Location:
Greater New York City Area
Industry:
Insurance
Work:
NJ Department of Banking & Insurance since Mar 2010
Chief Actuary
Financial Designs LLC Aug 2001 - Mar 2010
President
ELM Income Group Feb 2005 - Feb 2010
Executive Vice President
MetLife Jun 1973 - Jun 2001
Senior Vice President
Education:
Polytechnic Institute of New York 1973 - 1974
Master of Science (MS), Mathematics Polytechnic Institute of Brooklyn 1969 - 1973
Bachelor of Science, Math
Felix Schirripa Photo 2

Felix Schirripa

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Publications

Us Patents

Computer System And Methods For Management, And Control Of Annuities And Distribution Of Annuity Payments

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US Patent:
6636834, Oct 21, 2003
Filed:
Feb 25, 2000
Appl. No.:
09/513430
Inventors:
Felix Schirripa - Colts Neck NJ
Assignee:
Metropolitan Life Insurance Company - New York NY
International Classification:
G06F 1760
US Classification:
705 4, 705 35, 705 36
Abstract:
A computer system and methods for management and control of annuities and distribution of annuity payments is presented which enables transfer of funds between annuities, whether variable or fixed, without incurring payment discontinuity, while providing for allocation of interest risk, investment risk, and mortality risk between insurer and insured.

Method For Determining An Optimal And Tailored Lifetime Income And Death Benefit Package

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US Patent:
20070106589, May 10, 2007
Filed:
Nov 10, 2005
Appl. No.:
11/271605
Inventors:
Felix Schirripa - Colts Neck NJ, US
International Classification:
G06Q 40/00
US Classification:
70503600R
Abstract:
An annuitant is able to select and optimize the allocation of a premium for insurance coverage between lifetime income benefits for the annuitant and death benefits to the annuitant's beneficiaries. A set of underwriting factors is established to provide the insurance coverage and value both the lifetime income to the annuitant and the death benefits payable to the beneficiaries. These factors include anticipated investment returns on the premium paid for the coverage, and which are used for both the income and death benefit components of the coverage. The annuitant uses these to derive a combination of lifetime income for the annuitant and death benefits available to the annuitant's beneficiaries. To do so, the annuitant inputs personal information including minimum dollar death benefit acceptable to the annuitant if the annuitant's death occurred immediately after the issue of the coverage, and the minimum death benefit to the designee if the annuitant's death occurs on or after some future date. This generates a solution showing the dollar death benefits payable in a lump sum to the beneficiaries at various possible dates of death into the future, as well as the corresponding lifetime income available for the annuitant.

Computer System And Methods For Management, And Control Of Annuities And Distribution Of Annuity Payments

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US Patent:
62758071, Aug 14, 2001
Filed:
Aug 26, 1998
Appl. No.:
9/140715
Inventors:
Felix Schirripa - Colts Neck NJ
Assignee:
Metropolitan Life Insurance Company - NY
International Classification:
G06F 1760
US Classification:
705 4
Abstract:
A computer system and methods for management and control of annuities and distribution of annuity payments is presented which enables transfer of funds between annuities, whether variable or fixed, without incurring payment discontinuity, while providing for allocation of interest risk, investment risk, and mortality risk between insurer and insured.

Computer System And Methods For Allocation Of The Returns Of A Portfolio Among A Plurality Of Investors With Different Risk Tolerance Levels And Allocation Of Returns From An Efficient Portfolio

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US Patent:
62825208, Aug 28, 2001
Filed:
Sep 9, 1998
Appl. No.:
9/150400
Inventors:
Felix Schirripa - Colts Neck NJ
Assignee:
Metropolitan Life Insurance Company - NY
International Classification:
G06F 1760
US Classification:
705 36
Abstract:
A method and system is presented for distributing returns from an investment portfolio to a plurality of investors with different risk tolerances as a function of the risk-return preferences of the investors. Said portfolio may correspond to a point on an efficient frontier related to the risk-return points selected by investors.
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Felix Schirripa from Brooklyn, NY Get Report